On April 17, 2021, the Supervisory Board of PrivatBank approved the results of the competitive selection for two positions on the bank's Management Board.

According to the bank's press service, based on the results of the competition, Ganna Samarina was appointed Deputy Chairperson of the Management Board for Finance for a term of five years starting from September 1, 2021. She is currently the Acting Chairperson of the Management Board and Deputy Chairperson of the Management Board for Finance.

Also, the Supervisory Board of PrivatBank based on the results of the competitive selection appointed Larysa Chernyshova for the position of Member of the Management Board for Risk Management for a term of five years starting from September 1, 2021. She holds the position of Member of the Management Board for Risk Management now.

Competitive selection is a mandatory condition for the appointment of top managers of state-owned banks in accordance with Article 7 of the Law on Banks and Banking. Completion of the employment contract of any member of the Management Board requires a competition. The election and appointment of members of the Management Board is the exclusive competence of the Supervisory Board.

It will be recalled that in December 2020, the Supervisory Board approved a new structure for the Management Board of PrivatBank, according to which the bank's executive body consists of seven positions, namely:

• chairperson of the board,
• four deputy chairpersons of the board - on finance, problem assets management, operational issues, and business development,
• two board members - on risk management and network and problem debt.